Sovco Limited

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Registered number: 07151433

Sovco Limited

Abbreviated accounts

For The Year Ended 31 March 2014

K Harding & Co

38 Fleckney Road

Kibworth

Leicester

Leicestershire

LE8 0HE

Sovco Limited

Company No. 07151433

Abbreviated Balance Sheet 31 March 2014

Abbreviated Balance Sheet

		2014		2013
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	2		233,002		244,199
Investments	3		39,766		39,766

			272,768		283,965
CURRENT ASSETS
Debtors		215		129
Investments	4	1,000		-
Cash at bank and in hand		1,447,647		61,657

		1,448,862		61,786
Creditors: Amounts Falling Due Within One Year		(6,394)		(8,362)

NET CURRENT ASSETS (LIABILITIES)			1,442,468		53,424

TOTAL ASSETS LESS CURRENT LIABILITIES			1,715,236		337,389

NET ASSETS			1,715,236		337,389

CAPITAL AND RESERVES
Called up share capital	5		1,100		100
Profit and Loss account			1,714,136		337,939

SHAREHOLDERS' FUNDS			1,715,236		338,039

Page 1

Sovco Limited

Company No. 07151433

Abbreviated Balance Sheet (continued) 31 March 2014

For the year ending 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Mr Anthony Nolan

11th August 2014

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Sovco Limited

Notes to the Abbreviated Accounts

For The Year Ended 31 March 2014

Notes to the Abbreviated Accounts

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible Fixed Assets and Depreciation

Apart from freehold property, tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% Reducing Balance

Tangible Assets


	Total
Cost	£
As at 1 April 2013	259,128

As at 31 March 2014	259,128

Depreciation
As at 1 April 2013	14,929
Provided during the period	11,197

As at 31 March 2014	26,126

Net Book Value
As at 31 March 2014	233,002

As at 1 April 2013	244,199

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Sovco Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 March 2014

Investments

	Listed
	£
Cost
As at 1 April 2013	39,766

As at 31 March 2014	39,766

Provision
As at 1 April 2013	-

As at 31 March 2014	-

Net Book Value
As at 31 March 2014	39,766

As at 1 April 2013	39,766

The investments are as follows:

50% of the ordinary share capital and 2 non voting redeemable preference shares in Hatton Goldsmiths International Limited, a company incorporated in Ireland.

All investments are stated at cost.

Current Asset Investments

	2014		2013
	£		£
Shares in subsidiaries	1,000		-

During the year the company acquired a 100% shareholding in Hatton Goldsmiths Limited a company incorporated in England.

The investment is stated at cost.

Share Capital

	Value	Number	2014	2013
Allotted, called up and fully paid:	£		£	£
Ordinary shares	1.000	1100	1,100	100

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